Precious metals declined on Thursday following gains on Wednesday. Losses on the day ranged from 0.5% for gold and 2.2% from platinum.
Gold for April delivery fell $8.10 to settle at $1,725.10 an ounce on the Comex division of the New York Mercantile Exchange.
"Gold and silver prices are down in midday U.S. trading Thursday, with silver hitting a two-month low. A stronger U.S. dollar and a breakdown in the crude oil market this week have the metals market bulls running for cover," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
Gold futures ranged from a low of $1,723.20 to a high of $1,738.40. They gained 0.5% on Wednesday, they lost 0.8% on Tuesday, and they shed 0.2% on Monday.
Silver for May delivery declined 18.4 cents, or 0.7%, to settle at $25.047 an ounce. Silver futures traded between $24.43 and $25.22. They inched up 0.02% on Wednesday, they declined 2.1% on Tuesday, and they dropped 2.1% on Monday.
In other precious metals prices on Thursday:
-
April platinum dropped $26 to $1,154.20 an ounce, ranging from $1,143.80 to $1,183.90.
- Palladium for June delivery fell $24.70, or 0.9%, to $2,615.40 an ounce, trading between $2,602.50 and $2,649.
US Mint Bullion Sales in 2021
United States Mint bullion sales were unchanged Thursday. Below is a sales breakdown of U.S. Mint bullion products with columns listing the number of coins sold during varying periods. Products with an asterisk (*) are no longer available.
| US Mint Bullion Sales (# of coins) | |||||||
|---|---|---|---|---|---|---|---|
| Thursday | Last Week | This Week | January Sales | February Sales | March Sales | 2021 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 15,500 | 10,500 | 191,000 | 121,000 | 45,000 | 357,000 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 0 | 0 | 22,000 | 9,000 | 0 | 31,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 0 | 0 | 36,000 | 0 | 20,000 | 56,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 0 | 0 | 95,000 | 0 | 55,000 | 150,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 4,000 | 17,500 | 61,500 | 16,000 | 32,500 | 110,000 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 691,000 | 850,000 | 4,775,000 | 3,191,500 | 3,302,000 | 11,268,500 |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | 0 | N/A | N/A | 35,000 | 35,000 |
| America Samoa 5 oz Silver Coin* | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Weir Farm 5 oz Silver Coin* | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Salt River Bay 5 oz Silver Coin* | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Marsh Billings 5 oz Silver Coin* | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tallgrass Prairie 5 oz Silver Coin* | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| $1 American Eagle 1 Oz Platinum Coin* | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
